Debt refinancing bond issues OK'd by Commission

HUNTSVILLE — A series of resolutions were adopted by County Commission Monday evening to refinance a portion of the county’s long-term debt — a plan which could result in a savings of approximately $915,000, and years trimmed from the payoffs.

Separate bond issues were approved for the County General Debt Fund and the Rural Schools Debt Fund, following a presentation by Scott Gibson, senior vice president of Cumberland Securities.

Gibson said his firm recommended refinancing $1.465 million in notes and bonds for the county, and another $6 million in rural school debt.